Tax Information

Overview

Non-U.S. Unitholders are generally subject to a 30% gross basis U.S. federal withholding tax on U.S. source interest income. For U.S. federal income tax purposes, Unitholders will be treated as deriving U.S. source interest by reason of their investment in United Hampshire US REIT. Non-U.S. Unitholders may be exempt from such withholding tax if certain requirements are satisfied.

In addition to being subject to the ownership limit intended to protect their eligibility for the exemption from U.S. federal income tax withholding on “portfolio interest” that will be treated for U.S. federal income tax purposes as distributable to Unitholders (the “Portfolio Interest Exemption”), non-U.S. Unitholders must comply with certain documentation requirements in order to be exempted from withholding tax under the United States Internal Revenue Code of 1986, as amended (the “IRC”), including documentation requirements related to the Portfolio Interest Exemption and documentation requirements under the United States Foreign Account Tax Compliance Act (“FATCA”).

Specifically, non-U.S. Unitholders must establish their status for FATCA purposes and their eligibility for the Portfolio Interest Exemption by providing an applicable IRS Form W-8, a U.S. Tax Compliance Certificate, and such other certifications and other information related to the Portfolio Interest Exemption and FATCA that is requested from time to time.

Non-U.S. Unitholders must also provide updates of any changes to their status for FATCA purposes, including information relating to their name, address, citizenship, personal identification number or tax identification number, tax residencies, and tax status. Such information may be disclosed or reported to the IRS, the Inland Revenue Authority of Singapore or other applicable tax or regulatory authorities for the purpose of compliance with FATCA. If non-U.S. Unitholders fail to provide or to update relevant information necessary for compliance with U.S. federal tax withholding requirements, including those related to the Portfolio Interest Exemption and FATCA, or provide inaccurate, incomplete or false information, amounts payable by United Hampshire US REIT to non-U.S. Unitholders may be subject to deduction or withholding in accordance with U.S. tax law and any intergovernmental agreements.

Unitholders that are “United States persons” for U.S. federal income tax purposes may be subject to different certification requirements. A Unitholder that is a “United States person” should contact the Unit Registrar to obtain the documents that must be submitted in order to be exempt from U.S. federal withholding, including under FATCA.

Unitholders of United Hampshire US REIT are prohibited from directly or indirectly owning in excess of 9.8% of the outstanding Units, subject to any increase or waiver pursuant to the terms of the Trust Deed and on the recommendation of the Manager. This prohibition is intended to preserve the U.S. REIT status of the Parent U.S. REIT and facilitate the availability of the Portfolio Interest Exemption.

Units held directly or indirectly by any person in excess of the unit ownership limit will be automatically forfeited and held by the Trustee. While forfeited Units are held by the Trustee, all rights attributable to those Units, such as the right to vote and the right to receive distributions, will be held by the Trustee, and the Unitholder from whom the Units are forfeited shall have no right to vote or receive distributions arising from such Units.

Distributions will be declared in U.S. dollars. Each Unitholder will receive his distribution in Singapore dollars equivalent of the U.S. dollar distribution declared, unless he elects to receive the relevant distribution in U.S. dollars by submitting a “Distribution Election Notice” by the relevant cut-off date.

For the portion of the distributions to be paid in Singapore dollars, the Manager will make the necessary arrangements to convert the distributions in U.S. dollars into Singapore dollars, at such exchange rate as the Manager may determine, taking into consideration any premium or discount that may be relevant to the cost of exchange. CDP, the Managers or United Hampshire US REIT shall not be liable for any loss arising from the conversion of distributions payable to Unitholders from U.S. dollars into Singapore dollars. Save for approved depository agents (acting as nominees of their customers), each Unitholder may elect to receive his entire distribution in Singapore dollars or U.S. dollars and shall not be able to elect to receive distributions in a combination of Singapore dollars and U.S. dollars.

Boardroom Corporate & Advisory Services Pte. Ltd., the Unit Registrar of United Hampshire US REIT, will dispatch U.S. tax forms and certifications to Unitholders who do not have valid documentation on file prior to United Hampshire US REIT making any Distributions to Unitholders.

Unitholders can also download the relevant U.S. forms applicable to them from this link.

A non-U.S. Unitholder who is an individual must submit a completed IRS Form W-8 and a U.S. Tax Compliance Certificate in order to be eligible for exemptions from applicable U.S. withholding tax that will otherwise be applied to distributions made by United Hampshire US REIT to Unitholders.

For Joint Account holders, each Unitholder must submit a set of forms for him/herself.

For more details, please refer to the Investor Pack.

OVERVIEW OF W-8BEN

  • Applicable only for non-U.S. individual Unitholders. Other types of Non-US Unitholders, such as a corporation, must file the applicable Form W-8.
  • Certifies the individual is the beneficial owner of the account, including the majority of individual unitholders in Singapore, who are not conducting any trade or business in the U.S..
  • Remains in effect for a period starting on the date the Form W-8BEN is singed and ending on the last day of the third succeeding calendar year. For example, a Form W-8BEN signed on 31 May 2020 will remain valid through 31 May 2023.
  • Unitholders must provide updates of any change to their status for FATCA purposes, including information relating to their name, address, citizenship, personal identification number or tax identification number, tax residences, and tax status.

For Individual Unitholders who are Non-U.S. Persons:

For Individual Unitholders who are U.S. Persons:

OVERVIEW OF W-9

  • Applicable for U.S. Unitholders.
  • U.S. Unitholders to provide Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) for reporting purposes.
  • Does not expire unless individual has a change in circumstances.
  • Unitholders that are the U.S. persons or that are entities disregarded as separate from a U.S. federal income tax purposes must provide a Form W-9.
  • For further details on how to complete a Form W-9, please refer to the U.S. Internal Revenue Service website at https://www.irs.gov/pub/irs-pdf/iw9.pdf

How to file for tax exemption:

  • Step 1: Fill up relevant U.S. tax forms
  • Step 2: For assistance, please email IR@uhreit.com.
  • Step 3: Mail forms to Unit Registrar before the time stipulated by Unit Registrar

Unit Registrar

  • Boardroom Corporate & Advisory Services Pte. Ltd.
  • 50 Raffles Place #32-01
  • Singapore Land Tower
  • Singapore 048623

It is important for Unitholders to comply with the abovementioned documentation requirements or they will be subject to U.S. withholding tax under the IRC, including under FATCA. For further details on the documentation required for U.S. tax exemption, Unitholders can also refer to Appendix I in the prospectus of United Hampshire US REIT, dated 3 March 2020 and registered by the Monetary Authority of Singapore on the same day.

Support

Unitholders who have any questions or require assistance in completing the required forms can contact United Hampshire US REIT at +65 67979010 or IR@uhreit.com.

Unitholders may also refer to the Investor Pack which contains relevant instructions to guide Unitholders in completing the required forms.

A non-U.S. Unitholder that is treated as a corporation for U.S. federal income tax purposes must submit a completed Form W-8BEN-E and a U.S. Tax Compliance Certificate, in order to be eligible for exemptions from applicable U.S. withholding tax that will otherwise be applied to distributions made by United Hampshire US REIT to Unitholders.

Corporate Unitholders

How to file for tax exemption:

  • Step 1: Fill up relevant U.S. tax forms
  • Step 2: For assistance, please email IR@uhreit.com.
  • Step 3: Mail forms to Stapled Security Registrar before the time stipulated by Stapled Security Registrar

Unit Registrar

  • Boardroom Corporate & Advisory Services Pte. Ltd.
  • 50 Raffles Place #32-01
  • Singapore Land Tower
  • Singapore 048623

It is important for Unitholders to comply with the abovementioned documentation requirements or they will be subject to U.S. withholding tax under the IRC, including under FATCA. For further details on the documentation required for U.S. tax exemption, Unitholders can also refer to Appendix I in the prospectus of United Hampshire US REIT, dated 3 March 2020and registered by the Monetary Authority of Singapore on the same day.

Support

Unitholders who have any questions or require assistance in completing the required forms can contact United Hampshire US REIT at +65 67979010 or IR@uhreit.com.

Unitholders may also refer to the Investor Pack which contains relevant instructions to guide Unitholders in completing the required forms.

Acting as a non-U.S. intermediary (that is, acting not for its own account, but for the account of others as an agent, nominee, or a custodian) or a flow through entity.

Depository Agents, Intermediaries, and Nominees

Depositary Agents, Intermediaries and Nominees may be required to submit applicable W-Forms and U.S. Tax Compliance Certificates for their underlying investors.

How to file for tax exemption:

  • Step 1: Fill up relevant U.S. tax forms
  • Step 2: For assistance, please email IR@uhreit.com.
  • Step 3: Mail forms to Stapled Security Registrar before the time stipulated by Stapled Security Registrar

Unit Registrar

  • Boardroom Corporate & Advisory Services Pte. Ltd.
  • 50 Raffles Place #32-01
  • Singapore Land Tower
  • Singapore 048623

It is important for Unitholders to comply with the abovementioned documentation requirements or they will be subject to U.S. withholding tax under the IRC, including under FATCA. For further details on the documentation required for U.S. tax exemption, Unitholders can also refer to Appendix I in the prospectus of United Hampshire US REIT, dated 3 March 2020 and registered by the Monetary Authority of Singapore on the same day.

Support

Unitholders who have any questions or require assistance in completing the required forms can contact United Hampshire US REIT at +65 67979010 or IR@uhreit.com.

Unitholders may also refer to the Investor Pack which contains relevant instructions to guide Unitholders in completing the required forms.

  1. The sample information provided in the Investor Pack is to assist Stapled Securityholders in completing the forms and does not constitute legal, financial or tax advice. Stapled Securityholders should seek independent professional advice in respect of their specific circumstances.
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